Maldives

Maldives practices an India First policy and India reciprocates by standing firmly with the Indian Ocean archipelago in times of need

US$0.1bn Standby Credit provided by India to Maldives

Maldives plays a key role in advancing blue economy through sustainable management of marine resources

Maldives is one of the world’s safest travel destinations

Indians form the 2nd largest expatriate community

US$ 670.40
Export valuation

US$ 176.51 mn

Bilateral trade value as of 2022

25,108
Overseas Indians living in Maldives

Stable and transparent legal system

relative political stability and a rate of growth that has averaged 7.5 percent over the past 15 years

Tourism

industry is booming with more than 1.5m tourists visiting annually

Luxury goods

market for goods and services rival other luxury markets across the world

iHavan

is Maldives' largest integrated project; a Transshipment Port straddling the main East-West shipping routes

Aquaculture

seafood, fish farming, cultivation of seaweed, lobster, shrimp, reef fish and edible crabs form a priority sector in Maldives

India-Maldives Bilateral Relations

A summary of the bilateral engagements between India and Maldives.

List of MoUs and Agreements as of June 2019

The Agreements and MoUs span the domains of Banking and Finance, Legal Assistance and Electoral Practices.

MoU in Agribusiness approved by Cabinet

The MoU to be signed by the Governments of India and Maldives include focus areas such as agriculture census, Integrated Farming System, Soil Health Management, research, capacity building of local agribusiness and the development of climate resilient agriculture system.

MoU enabling ferry services between Kerala and Maldivian ports approved

The MoU approved by the Cabinet will allow for the extension of tourist and cargo ferry services between the port of Kochi and the Maldivian ports of Male and Kulhudhuffushi.

India's Exports and Imports to Maldives

Source: Department of Commerce

Ministry of Economic Development, Maldives

(+960) 3333145

Visit Website

4th Floor, Velaanaage Ministry of Economic Development Male’ Maldives

FICCI

(+91) 11 23738760 / 70

Visit Website

Federation House, Tansen Marg, New Delhi, 110001

Embassy of India, Male, Maldives

fscons.male mea.gov.in

(+960) 3323015, 3323016

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Athireege Aage
Ameeru Ahmed Magu, Henveiru
Malé, Maldives 20125

Commercial Representative

(+960) 9146531

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Second Secretary (Commerce & Projects)

Opportunities

Agricultural exports

Non-alcoholic beverages other than waters of 2202.10 (not incl. fruit/veg. … (220290)
Waters, incl. min. waters & aerated waters, cont. added sugar/oth. sweeteni … (220210)

agriexchange.apeda.gov.in

Cuts & edible offal of species gallus domesticus, frozen (020714)
Meat of bovine animals, frozen, boneless (020230)
Meat of fowls of species Gallus domesticus, not cut in pieces, frozen (020712)
OTHER FRESH EGGS: OF FOWLS OF THE SPECIES GALLUS DOMESTICUS (040721)
Prpd/prsvd meat, meat ofal/blood of fwls of the spcs galus dmstcs (160232)

agriexchange.apeda.gov.in

Semi-milled/wholly milled rice, whether or not polished/glazed (100630)
Wheat/meslin flour (110100)

agriexchange.apeda.gov.in

Milk in powder/granules/oth. solid form, sweetened, fat content by wt. >1.5 … (040229)

agriexchange.apeda.gov.in

Food preps., n.e.s. (210690)
Preparations for infant use, put up for RS (190110)

agriexchange.apeda.gov.in

Food preps., n.e.s. (210690)

agriexchange.apeda.gov.in

Crustaceans; frozen, crabs, in shell or not, smoked, cooked or not nefore or during smoking; in shell, cooked by steaming or by boiling in water (030614)
Crustaceans; frozen, lobsters (Homarus spp.), in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water (030612)
Crustaceans; frozen, shrimps and prawns, excluding cold water varieties, in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water (030617)
Sauces and smlr products of meat, meat offal or blood food prpns, based on these products (160100)

fishexchange.mpeda.gov.in

Minerals

Export: LPG – US$ 145 million

oec.world

Priority Sectors

Here are the leading sectors of opportunities for foreign investors

Chemicals

Construction

Defence Manufacturing

Food Processing

Healthcare

IT and BPM

Media and Entertainment

Pharmaceuticals

Ports and Shipping

Retail & E-commerce

Textiles and Garments

Tourism

Wellness

Top Import/ Export Items

India's top import from Maldives

Scrap metal

India's top export to Maldives

Rice
Dal
Vegetables
Eggs
Wheat and wheat flour
Sugar and Spices
Radar apparatus
Rock boulders
Sand and aggregate, Cement
Textiles
Pharma drugs
Engineering and industrial products

Bilateral Investors

State Bank of India - Banking and finance

Taj Group - Hotels and housing

NRLCCP - Conservation of heritage properties

Maldives

India-Maldives Bilateral Relations

List of MoUs and Agreements as of June 2019

MoU in Agribusiness approved by Cabinet

MoU enabling ferry services between Kerala and Maldivian ports approved

Ministry of Economic Development, Maldives